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the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
be created in the coming months. that of course is a really big thing. more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this week -- has not been kind to the republican candidate as polls have shown him falling behind the president. but he is not showing any change in confident. >> i've got a little secret here and that is that obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania. we're going to take the white house. >> he's going to have to overcome a big deficit to do it, but people do like a comeback kid. max, jen, the obama campaign press secretar
? >> it's been very damaging. we have seen a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with china on auto parts. today it's $10 billion. that's why the president at the urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american manufacturing, standing up for american workers against china. we have a new steel mill. we're seeing jobs actually come to this country or stay in this country because we're standing up and enforcing trade rules. >> romney and the republicans keep talking about another tax cut for the job creators. don't we just see them increasing their profits by outsourcing this way? i mean, the model that romney wants to lay on the country, how could it be good for workers in ohio? >> well, it's not. we tried these tax cuts for the rich. hoping it trickles down to the middle class, it do
the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the national polls are coming back a little bit, some of the swing state polls are tightening, is a bit of an earn couragement for romney that he still has an opportunity for deficit with three or four points to change the dynamic in some way. he's got to hope that obama is not on his best game. you could have a scenario that like what happened in 2000 where george w. bush moved significantly without gore and ultimately became president. >> it's interesting that the poll also shows, as you mention, this 12% of swingable votes in the middle that he could potentially get a hold of. also ensuring that the big money continues to back him moving forwa
a firestorm in his party. it's obvious with a deficit of more than 7% of gross go mess tick product, any solution to our budgetary problems has to involve spending cuts and tax increases. ronald reagan agreed to tax increases when it hit 4%. george w. bush did. but today's republican parties is organized around the proposition that no matter the circumstances, there must never be a tax increase of any kind. the simpson-bowles proposal calls for 1% for every $3 of spending cut bus every republican presidential candidate during the primaries including romney pledge thad he or she would not accept $10 of spending cuts if that meant $10 of tax increases. so romney could present a serious plan and then h would face a revolt within his own party. so his solution has been to be it lerly vague about how to deal with the actually deaf sit. when pressed for details he said, the devil's in the details. he's right. were he to get specific he would be committing ideological blasphemy. instead he talks about freedom and capitalism. the same pattern emerges on immigration. he says he wanted to solve th
's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell
looking at it with regard to krugman's piece and something to do with the deficit, is that going to be spun positively if they're working on it or more fearmongering that something really heinous will go down. >> okay. so keep sticking with what's working for now. we'll keep an eye on this. but kevin, thank you. you always keep us up-to-date on everything happening down there. >> one more quick thing i'll say. watch silver. a lot of popularity in it. we didn't get an outright sell signal, but we got very bearish divergences for silver when it made a new high yesterday. trading over $41 on ebay for silver coins. well over the price in the marketplace. so watch out for that. could be an actionable trade. >> okay, kevin. thanks for the tip. >>> if you have any questions, comments about anything you see here, squawk@cnbc.com. coming up, the chicago teachers strike back in the headlines this morning. we'll find out why next. and then ian poulter's in the building. attention golf fans ever where. >> look at that. every player's name. unbelievable. >> got to be careful. >> i don't want
the question about how do you keep the code without increasing the deficit. but it's a promising proposal that tax policy exports like because it is achievable. now, if you lump the deductions together and don't fight them one by one and have a cap, that is easier to get done. >> on that 17,000, a, do you think we're going to hear about it tonight? does that include things like charitable deductions, mortgage deductions? how far do you think that goes? >> reporter: yes, it does. >> 17,000 cap across the board. that is meaningful. that would have a huge impact on the real estate market, it would have a huge impact broadly. >> reporter: yes, i believe from what i was reading yesterday, and i haven't gotten a chance to delve into it that $17,000 level was set purposefully because people in the under $200,000 income category generally speaking don't have more than that, right? but it makes it easier to begin taking on deductions as you move up the scale. so i do think it's positive. i would expect him to get asked about it and, you know, if he starts sketching out a little bit how he would re
't believe you have to touch medicare to take care of the deficit or the debt. >> listen, it's a numbers issue right? i'm a numbers guy. used to be 40 years ago that you had two people in america working to pay for every one retiree. now it's basically, you know, one worker paying for 10 to 20 different retirees because we've got this horrific demographic shift, 7500 people turning 60 every day. you're right. the numbers are unsustainable. what was interesting about your chart was this. i'll tell you what. the president is glad the election is only 39 days away. because yesterday kind of quietly, i don't want to get wonky, we had dismal economic data. we referenced it at the top. durable goods was terrible. boeing sold only one aircraft in august. gdp was revised down. 25% of people, i can't remember the source of the poll, basically said they'll slow down spending because of the fiscal cliff issue. things are slowing down because people, smart viewers of "morning joe" and cnbc know that we're going to get the biggest tax hike in history if congress doesn't do something so the economy is
, a trade that works for america, deficit reducti reduction, and being a champion for small business, which is not what the president has done. and as we get in the debates it will be critical to show the contrast between governor romney and the president. the good thing is wasserman schultz down played the president's expectations as expected by the democrats, but he is the gifted speaker. the problem is, he does not have the gift of a positive record to run on. the economy is in the toilet and t current news we have on informed policy is troubling. the administration knew this was a terrorist attack within the first 24 hours yet they continue to say this is the result of a video in a movie trailer, put ambassador rice out there being extremely dishonest with the american people. that's troubling. and those troops will come out in the debates. >> alice, we've gone to war with countries saying they were responsible for nerch when they really weren't. i'm talking about iraq. give the white house a little leeway here on figuring out exactly what's what to go with the facts. thursday power pan
not the kind of inconsistency that he can afford at this point given the deficits he faces. >> your thoughts, john. >> well, look, chris, i just think he's in an untenable position he and he has been all along. the bottom line on mitt romney is he's proud of his massachusetts health care law. there's part of him that wants to defend it, there's part of him that's always wanted to defend it, and he found himself running in a republican primary where he couldn't defend it forth rightly as i think what his heart would have wanted to do. so he twisted himentz up in a lot of knots. i think there's some theoretical way in which you could make a federalist argument but he hasn't made that argument consistently either. he should have stood up and said the individual mandate is a conservative policy. it was invented at the heritage foundation and embraced by conservatives as recently as a decade ago. co-have made the argument for pla health care and said that's what the conservative position was. he didn't have the guts to do that. he's ended up in this bizarre position where he's had to pirouette on
the question about who can handle the economy has changed. it used to be obama was suffering a big deficit next to romney with that. since several weeks ago, probably tied to the convention, those numbers have turned and all of a sudden the democratic brand with respect to the economy has become more popular than the republican brand. >> mourdock who has been a hardliner, he's been trying to embrace the moderate positions claiming he's more open to compromise, claiming he will protect social security and medicare. but this is not the same mourdock who defeated richard lugar in the primary. are richard lugar and others paying their price for the extremism? >> i would add to what sam said, part of the aftermath of 47%-gate. it's tough to make the argument you're best on the economy when you think you should only be working for half of the people on the economy, right? that's how the comments were perceived. to your question, ed, i want to add, this is not just having a trickle-down effect to other senate races. the only shot we have at electing a new woman governor is actually -- >> it's ticket-w
to use that money to reduce the budget deficit. i'm putting it back into medicare and i'm the guy running for president. >> well, what a miserable time he has. all he does is defend himself against paul ryan's budget and he put the guy on the ticket. >> chris, i remember when this happened. when you put ryan on the ticket, a lot of democrats said, okay, it's over, we've got it. and i was skeptical about that when they said it, and i think a lot of us who like to hear intellectual debates about policy said, great, fwring it on, let's have a big debate about the philosophy of government. down in florida they don't care about the fill loss pi. >> all politics a local. >> they want the program, they like the program, don't mess with the program. >> let's go to something really big because i like this guy so much. this is jim webb who is retiring as the senator from virginia. he's a democrat but a different kind of democrat. many people, including me, believe he's eviscerated romney with these words he spoke. remember what romney was saying, there's the takers and the makers out there, includi
debt and the deficit in the abstract but as soon as it starts coming to specifics and you start talking about what's really going to cut, it doesn't play very well. >> i think this is interesting in part because the republican strategy on medicare was a little more complicated than just vote for this. >> it was much more complicated. very tangled. >> what they were trying to do was split it where they were going to say if you're over 55 you're going to keep what you have now. in fact, we're going to spend $700 billion more on medicare over the next ten years. paul ryan instantly reversed the position that he had when he was in congress. it kept the president's medicare cuts. romney will repeal that. ryan says that too. it looked to me like that was working, that they were actually managing to sort of get to the president's left on medicare and attack him and say the president's going to cut your medicare, we're going to protect it. i don't know why it's not still working. >> here's why. so they've decided they're going to pick this fight on medicare. it's a bizarre fight they picked for
-dollar deficits. every single year, he's added $5 u'adhe bailouts.tiolde you've had so many things that mitt romney could run on, a he hasn't been able to do it. willie, that is the ongog frustration that this man has been given more material than any republican nominee since rona rean in 19,e can't seem to connect the dots and explain why a conservative economic world view should be used to turn this economy ound. it is a daily frustration for conservatives. >> and daniel hop m romy tupsnt a the debate six days from now. steve, let's inside these numbers. you've got some charts explaining president obama's recent surge in the polls. >> yes, because while i agree with a lot of what joe said, there are someubstantive reasons why president obama should be doing better at the moment. th don't get as much tentn. so'salk litab. first, nobody is happy with the state of the economy at the moment. 2% growth with 8% unemployment. but as we've talked about on this show, it's the trend as much as absolute levels that determine how people feel. this is an historil chart of economic oimism going back to
Search Results 0 to 33 of about 34 (some duplicates have been removed)